I don't think there's any advantage - I am not doing this with my holding.
Why sell for 5-10% less than the rights offer price to raise funds to buy 61.5% of the heads back.
You end up with a much more severe dilution than if you did nothing.......other than getting the PENOD, which may be worth zilch for quite some time to come.
Ann: Research Report, page-22
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Last
8.1¢ |
Change
-0.013(13.8%) |
Mkt cap ! $258.1M | |||
| Open | High | Low | Value | Volume |
| 9.1¢ | 9.1¢ | 8.1¢ | $2.672M | 31.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 370653 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.2¢ | 127142 | 2 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| PEN (ASX) Chart |